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Edenville Share Chat (EDL)



Share Price: 0.235Bid: 0.23Ask: 0.24Change: 0.00 (0.00%)No Movement on Edenville
Spread: 0.01Spread as %: 4.35%Open: 0.235High: 0.235Low: 0.235Yesterday’s Close: 0.235


Share Discussion for Edenville


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Sausageonstick
Posts: 6,715
Opinion:No Opinion
Price:0.33
The news is excellent
Today 14:56
On the face of it this is excellent news and the market has responded in a positive way. It's great to see the share price move in the right direction.

I'm a realist, as I've said. 18 months ago Tz gov't banned the import of coal, that positive news fell in the lap of Rufus, but 18 months later Rufus hasn't exactly exploited it to the maximum. This news has fallen in Rufus's lap once more, so lets see how good he is at finishing it. The Tz gov't 'keep crossing the ball', last time Rufus took a Messi penalty aka Iceland, let's see if he can score a Ronaldo fee kick with this piece of news

My opinion is also that yesterdays RNS was time to deflect from Thursdays AGM, those who are attending please don't get swayed by Friday's RNS and the subsequent share price. Challenging questions are still needed to be asked of Edenville, and answers therefore obtained.

My opinion is also that the timing of the Friday's RNS will lead into the BFS RNS come the 18th July when the MoU expires and they have to make a decision on what to do. Will they continue to work with Sinohydro, or will they have to do another placing to raise $1million to pay Sinohydro off for the work they have done. We will only know that after the 18th July.

All in all excellent news but Rufus has to make the most of it
I'm sure they will focus on it at the AGM to deflect from the Friday 3.30pm RNS about the low low price placing. Don't let them.
I'm hoping this news feeds into the BFS RNS after the 18th July.

Good luck all, the Tz gov't has literally thrown shareholders a life line.
 
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
edl
Today 14:43
Investment case
KEY FACTS

Edenville owns a 90% interest in the 170mt Rukwa Thermal Coal Mine, located in Tanzania.

The Company is using a dual approach strategy to extract the most value from the project by combining near term cash flow generation from small scale mining, while it advances the higher value coal to
power project in partnership with a Chinese multinational power company, SinoHydro China.

The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term

At the higher production rate, Edenville expects the mine to generate sufficient cash flow to cover corporate overheads and contribute to advancing the coal to power project, reducing future dilution for investors

The Feasibility Study on a 120MW coal to power project returned an NPV 10 of US$252m (£176m) and IRR of 20%.

Edenville is examining the potential to increase power production to 300MW, potentially improving these robust economics. The Bankable Feasibility Study for the coal to power project is being undertaken and funded by SinoHydro.

Edenville has been formally asked to move forward plans on a coal fired thermal power project in the Sumbawanga area by the Ministry of Energy and Minerals (MEM).
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Sale sign should go up now!!
Today 14:41
They now it massive for the company tweet
Edenville Energy
@EdenvilleEnergy
·22 Jun
We are very pleased to note the $455m World Bank funding for the ZTK power transmission line. We have been waiting for this. It has the potential to be transformational for our planned Rukwa Coal to Power Project
Potter25
Posts: 999
Opinion:No Opinion
Price:10.98
Sale sign should go up now!!
Today 14:35
This probably the best time to sell the entire company lock stock and barrel! Rufus would walk away with a little dignity. Cannot not see him seeing this thorough till the end.
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 14:22
Cant see anything stopping this train now full steam ahead choo choo chinese will buy into this now since building the coal power plant now needed to fuel the Sumbawanga Substation a valid project 172mt of coal at the ready...its all systems go go go go....
Octopus
Posts: 377
Opinion:No Opinion
Price:0.33
RE: Good news but.......
Today 14:12
The MOU with Sinohydro is effective until 19th July 2018, so this news may have come at the perfect time to expand the MOU to a JV,

http://www.miningweekly.com/article/edenville-sinohydro-sign-mou-to-codevelop-rukwa-project-2017-01-23
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 14:01
Just full steam now to supply Sumbawanga Substation bring on JV CHINESE RNS
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 13:56
Funny though iam glad edl never signed long term contract to supply coal they can stuff them selves lol to late we not willing to sell now lol
Octopus
Posts: 377
Opinion:No Opinion
Price:0.33
Coal to power project
Today 13:55
The Company continues to work with its partner Sinohydro Corporation of China ("Sinohydro") to progress the Company's coal to power project. Sinohydro's representatives have completed their pre-feasibility and economic assessment work and remain very supportive of the project. Since the last update on 23 November 2017 further productive meetings have been held with the Tanzanian Ministry for Energy (the "Ministry") and Tanzania Electric Supply Company ("Tanesco") to progress the project. It should be noted the opening up of the mine has provided the Company with valuable data on the coal quality and structure of the deposit, critical when considering the power plant design which will depend on this fuel source.Â

Â

In line with other coal to power projects in Tanzania, the Company is progressing discussions with a view to, in the first instance, entering into an MOU with the Ministry and Tanesco setting out, inter alia, the size of the project, the proposed structure of a Power Purchase Agreement (PPA), tariff levels, and connectivity into the planned transmission line that will pass through the Sumbawanga Region. The timing of this is largely in government hands, although we continue to have a very good working relationship with them and they recognise the demonstrable benefits Edenville's project would bring to the region.
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 13:51
Of not if
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 13:50
Stated target is start if 2024 all lines and substations up and running
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: Good news but.......
Today 13:48
It not far at all component 1 is now start asap substations plus edl need to build power plant asap starting today if you like i can bet you bottom dollar govt set up meeting now with edl when can you start piwer plant mr rufus
SPOT
Posts: 2,270
Opinion:No Opinion
Price:0.33
Good news but.......
Today 13:45
Soooo far into the future that it means jack to this company atm. More funds needed to get production to the levels mentioned by the bod and even then, do the have the customers atm for the extra coal ?
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: 23 million buy yesterday
Today 13:40
1. The proposed project is the first (of two) series of projects (SOP) to interconnect the Zambian and Tanzanian power systems to allow for regional power trade between Southern African Power Pool (SAPP) and Eastern African Power Pool (EAPP) countries and to increase availability of reliable power to underserved areas in both countries. The SOP will finance the final segment of the Ethiopia-Kenya-Tanzania-Zambia (EKTZ) regional transmission corridor that is being developed in a phased manner. Linking of the EAPP and SAPP networks through the Tanzania-Zambia interconnection is a critical element to provide an expanded market for diversifying the energy sources and leveling the cost of electricity supply across the region. Once the EAPP and SAPP are interconnected and synchronized, it will create the largest geographic energy market in the world—from Cape to Cairo.
2. The proposed project, SOP1, will extend the transmission backbone within Tanzania, enhance TANESCO institutional and technical capacity for regional power trade, and support the EAPP’s ability to set up a power market platform to scale up power trade opportunities within the Eastern Africa region.
3. Tanzania will benefit from extension of transmission infrastructure to underserved areas in the southwest of the country. Increased availability of reliable power supply will enable expansion of electricity access in the project areas for households and businesses. The interconnection with Zambia will also improve Tanzania’s energy security, allow generation reserve sharing and help lower costs of supply from regional trade.
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: test
Today 13:39
Go on the mobile app sausage works fine
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: 23 million buy yesterday
Today 13:38
You found it lots of info document second file has the info i mention earlier here it again

The proposed Sumbawanga Substation will be strategic as major transmission lines are expected to meet there. For example the proposed 120 – 240MW coal power plant with an associated 400kV transmission line is expected to be connected to the Sumbawanga substation as is the existing 66kV line from Zambia.

The size of the Sumbawanga substation is planned to be 13.0 Hectares (32.0 Acres) and will be constructed with one 400/220kV 120MVA power transformer, one 220/66kV 40MVA power transformer and one 66/33kV 40MVA power transformer. The rated power of transformers shall cover the demand and the expected future load increase. The proposed substation area is located at Makazi Mapya in Sumbawanga Municipal. See Google map (2017) for Sumbawanga Substation in Annex 9.
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: 23 million buy yesterday
Today 13:35
Interesting the dates on here Rufus must of known about it surprised it wasn't leaked. hmm price was driven down maybe someone wanted in cheaper before the news. http://projects.worldbank.org/P163752/?lang=en&tab=financial
Sausageonstick
Posts: 6,715
Opinion:No Opinion
Price:0.33
test
Today 13:32
trying to post
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: 23 million buy yesterday
Today 13:30
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: 23 million buy yesterday
Today 13:28
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: 23 million buy yesterday
Today 13:24
atom have you got a link please
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: 23 million buy yesterday
Today 13:24
Enjoyy
The proposed Sumbawanga Substation will be strategic as major transmission lines are expected to meet there. For example the proposed 120 – 240MW coal power plant with an associated 400kV transmission line is expected to be connected to the Sumbawanga substation as is the existing 66kV line from Zambia.

The size of the Sumbawanga substation is planned to be 13.0 Hectares (32.0 Acres) and will be constructed with one 400/220kV 120MVA power transformer, one 220/66kV 40MVA power transformer and one 66/33kV 40MVA power transformer. The rated power of transformers shall cover the demand and the expected future load increase. The proposed substation area is located at Makazi Mapya in Sumbawanga Municipal. See Google map (2017) for Sumbawanga Substation in Annex 9.
Potter25
Posts: 999
Opinion:No Opinion
Price:10.98
RE: 23 million buy yesterday
Today 13:23
Atomic could you post the link? thank you.
Atomicrain
Posts: 7,648
Opinion:No Opinion
Price:10.98
RE: 23 million buy yesterday
Today 13:20
Looked to me edl was a one trick pony waitimg for this substation Sumbawanga guess what is come in Lol as for rufus he is a casio gambler and the red or black come in big time....this is proper sxxt now the document i found on the net from world bank states sourced from the proposed 240MW coal plant. HAPPY DAYS
Jarv55
Posts: 7,072
Opinion:No Opinion
Price:0.33
RE: Rufus
Today 13:19
Bought back in on Friday that is a massive step to getting this company back up to where it should be. Rufus better not raise again any time soon.




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